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A Company's Inventory Records Contain the Following Information -According to the Above Table

Question 107

Multiple Choice

A company's inventory records contain the following information:  Begirring Irventory: 300 units $780 Purchased on June 10 400urits1,170 Purchased on Jurne 15 500urits1,260 Purchared on Jure 28 300units9901,500$4,200\begin{array} { | r | r | r | } \hline \text { Begirring Irventory: } & 300 \text { units } & \$ 780 \\\hline \text { Purchased on June 10 } & 400 \mathrm { urits } & 1,170 \\\hline \text { Purchased on Jurne 15 } & 500 \mathrm { urits } & 1,260 \\\hline \text { Purchared on Jure 28 } & \mathbf { 3 0 0 u n i t s } & 990 \\\hline & 1,500 & \$ 4,200 \\\hline\end{array}
-According to the above table.The company sold 1,000 units during June and 500 units were in its ending inventory on June 30.
If the Company uses the LIFO method,what is the cost of its ending inventory:


A) $1,365.
B) $1,494.
C) $1,620.
D) $2,835.

Correct Answer:

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